ADX Candles Indicator for MetaTrader

by admin on February 4, 2011. Updated August 29, 2012 · Indicators


ADX candle indicator for metatraderThis is one of my favorite indicator for MetaTrader – ADX candles. Those who knows about ADX with DMI indicator, knows how powerful this indicator is. Generally, all technical analysis softwares and online charting services shows this indicator. Now, I’m sharing the power of same indicator with you. First of all, let me admit here, I’m not the original coder for this indicator. The credit goes to that genius. Also, I don’t have the source code file, so I’m posting the compiled version.

This is the simple chart WITHOUT ADX candles indicator.

simple EURUSD chart without ADX candles

and this is the same chart WITH ADX candles indicator.

EURUSD with ADX candles indicator

As you can see, this indicator changes the candles with different colors based on the strength of ADX and DMI.

No need of any further explanation. The chart itself says everything.

You may download this indicator from here.

The above link will give you file in compiled format, supported by MetaTrader4. In case of any problem, you may download the same in zip file also from here.

ADX Candles Indicator for MetaTrader, 9.4 out of 10 based on 11 ratings

 




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admin February 4, 2011

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{ 17 comments… read them below or add one }

rick l zimmerman February 11, 2011 at 8:00 pm

I have saved the adx file to my desktop however i dont remember how to install into metatrader4

thanks

Reply

admin February 12, 2011 at 9:10 am

Just copy file in the indicators folder, where you’ve installed Metatrader. E.g., the typical folder will be C:\Program Files\MetaTrader 4\experts\indicators

See your folder structure for exact location.
Hope it will help you.
Admin

Reply

Michael March 24, 2011 at 5:44 am

Have tried to D/L…ADX Candles Indicator for MetaTrader.
Get the Donchian Indi!

Needs correcting.

All the best, and thank you for sharing these powerful indicators.

Mike

Reply

admin March 24, 2011 at 7:59 am

I’ve tested it after downloading. It’s ADX candles indicator. Perhaps, you’ve mixed your downloaded files. Just download it in separate folder and test it.
Hope it will help you.
Admin

Reply

rachel March 28, 2011 at 4:42 pm

hullo,
downloaded the indicator but when i put it on my chart it doesnt show.i put it in the right place as directed.please help.

Reply

admin March 28, 2011 at 10:22 pm

If you’ve placed this indicator in the same folder as where you’ve all other metatrader indicators, it should work. Try installing metatrader in separate folder and test it there.
Hope it will help you.
Admin

Reply

Joseph B. nguyen April 3, 2011 at 2:49 am

Turn off chart foreground in properties for colors to work.

Reply

john April 4, 2011 at 9:09 pm

Hi

I love thia setup, I notice that on some occasions certain bars are a darker shade of green or red. What meaning is attached to these bars.

Many thanks

John

Reply

admin April 12, 2011 at 8:12 am

The dark candles are shows on just crossing of DM+ and DM- while red and lime colors are shown after considering ADX also on crossing. That’s the rule of DMI. Read more about DMI and ADX indicator elsewhere to understand better.
Hope it will help you.
Admin

Reply

SANJAY SHARMA February 11, 2012 at 2:01 pm

i want realtime mt4 data from where can i get it to track INDIAN STOCKS / NIFTY & MCX commodity markets uninterrupted . If you have some information please share me to procure the data, i shall be grateful

Thanks in advance

Reply

admin February 23, 2012 at 10:57 am

It’s possible in MetaTrader itself. You’ll need some indicators and DLL files. Will write an article on that soon.
Admin

Reply

rahgul February 15, 2012 at 2:57 pm

sirji,mr.admin ,write us about how i install this adx indcator to chart. i have ex4 file instal but not run so please write us about detial for run to chart.

Reply

Saumya March 8, 2012 at 2:37 pm

Sir

I like your posts on various indicators for MT4.

How and from where I can get MT4 platform with NSE stocks
and future scrips (demo and/or real account), though there are many for forex.

Thanks

Reply

admin March 8, 2012 at 3:14 pm

Thanks for your positive feedback. You can try GCI MetaTrader Platform at http://www.gcitrading.com/mtdemo.htm
It supports some shares of Indian stock market also.
Hope it will help you.
Admin

Reply

Saumya March 9, 2012 at 3:10 pm

Thanks, Sir

ADX Candles indicators works on MT4.

Regards

Reply

wiseman July 18, 2013 at 5:01 am

is it possible to get an alert if the candle color changes to different color e.g if the we are on a downtrend and get an alert if the candle completes and turns green

Reply

Ishma January 21, 2014 at 5:11 pm

Hi there,
been trying to download the ADX candles indicator, but the file is empty.
the other indicators like stochastics and breeze work well, its only this ADX causing trouble. can someone help please

Reply

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